MR. Sher Khan Ali runs a large retail store in Jamshedpur. He procures different kinds of products from all over INDIA through railways, roadways and airways. He also owns a godown to hold the stocks. He has also taken an insurance policy worth Rs.5 crore for his business. Moreover , he has taken a loan from Axis Bank of Rs.3 crore in order to meet short term financial needs of his business. He has also placed information about his store on the hoardings, bill boards etc. in order to popularize them.
(i) Identify the different auxiliaries to trade and their utilities are being used by him in his business by quoting the lines.
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Auxiliaries to trade Utilities
a. Transport. To collect different
kinds of product from
all over the country.
b. Warehousing. For holding the stocks.
c. Banking. For financial support.
d. Advertisement. For advertising his
store and products.
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